MONTGOMERY COMMUNITY DEVELOPMENT INC

MOUNT STERLING, KY | Montgomery County
Economic Development

Overview

MONTGOMERY COMMUNITY DEVELOPMENT INC
31-1566877
1313 CARDINAL WAY
MOUNT STERLING, KY 40353
Montgomery County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
B60

B - Educational Institutions

Adult Education

Institutions outside the formal system of regular schools, colleges, universities and technical/trade schools that provide opportunities for adults to develop basic learning and communication skills, complete their high school education, expand their knowledge in a particular field or discipline or develop skills in a new area of interest.

IRS Activity Codes info
994
Uncoded
119
Other cultural or historical activities
297
Community recreational facilities (park, playground, etc.)
Standard Business Classification (NAICS Code) info
611699
All Other Miscellaneous Schools and Instruction

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$4.1K
Revenue
$4.1K
Assets
$171.7K
Exempt Ruling Date info
1997-12
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
1313 CARDINAL WAY
MOUNT STERLING, KY 40353
Montgomery County
Area Type info
Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
21
State info
173
County info
9202.02
Tract info
Middle
Income Level info
Core-Based Statistical Area info
34460 - Mount Sterling, KY
Combined Statistical Area info
336 - Lexington-Fayette--Richmond--Frankfort, KY
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 15.58%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
9202.02 Montgomery County
Population
Total Population 4,107 28,042
Total Households 1,690 10,653
Income
Median Family Income (Census*) $57,697 $46,998
Median Family Income (2022 FFIEC est.) $61,700 N/A
Tract Income Percentage 106.2% N/A
Below Poverty Level 18.2% 17.8%
Unemployment Level 6.9% 5.3%
Housing
Total Housing Units 1,800 12,088
Total Owner-Occupied Units 61.3% 67.5%
Total Renter-Occupied Units 32.6% 32.5%
Total Vacant Units 6.1% 11%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

20
Total Voting Members
in Governing Body
info
20
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
David Points
Executive Director
(859) 498-0065
Principal Officer info
David Points
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.